Reference no: EM132259998

1. Kate's organization is now unionized, so the HR department will hire a:

a) training specialist

b) compensation specialist

c) recruitment specialist

d) line manager

e) labour relations specialist

2. The chief disadvantage of group plans is that:

a) a group incentive plan is problematic when conflict arises between group members

b) each worker's rewards are no longer based just on his/her own efforts

c) a group incentive plan does not facilitate on-the-job training

d) a group incentive plan may not prove as effective as an individual incentive plan in improving performance

e) each worker sees his/her effort leading to the desired reward

3. There has been a definite movement away from the extremes of straight commission or fixed salary for salespeople to: b) variable pay d) pay-for-performance e) incentive plans a) combination plans c) merit pay Outsourcing benefits administration to a third-party expert has the following advantage(s):

a) reduced cost and enhanced service

b) increased employee understanding of benefits

c) fewer benefit claims

d) reduced cost

e) greater efficiency and consistency, and enhanced service

4. There are 6 distinct parts of the Profit and Loss (P&L) statement. Discuss where the manager obtains the information to fill in each section that make up this tool managers use to measure the financial results of a particular period.

You are to describe the following:

Food and beverage sales

Food and beverage expense

Labor expense

Other controllable expense

Non-controllable expense

Profit or loss (Including payment to income tax).

5. The primary purpose of a bank reconciliation is to compare an operation’s

A. sales records with the bank's acceptance records.

B. deposit records with the bank's acceptance records.

C. product issues records with the bank's acceptance records.

D. an operation's inventory valuation records with the bank's acceptance records.